Speaking at the World Economic Forum in Davos, Switzerland, economist Vera 
Songwe pointed to remittances and inflation hedging as key drivers of 
stablecoin use across Africa.

Remittances ‘more important than aid’ as Africa turns to stablecoins

Recent remarks from BlackRock CEO Larry Fink have pointed toward the need for 
a single, unified blockchain for tokenized markets, and have intensified the 
focus on platforms capable of handling institutional-scale liquidity, 
compliance, and settlement. With its long track record in smart contracts, 
extensive developer ecosystem, and growing role in regulated financial 
products, Ethereum is now emerging as the most likely candidate to serve as 
the settlement layer for tokenized capital markets. Why Asset Managers Prefer 
Familiar Infrastructure In an X post, the Ethereum Daily shared a video in 
which BlackRock CEO Larry Fink made it clear that tokenization is necessary. 
Speaking at the World Economic Forum, Fink said the financial system must move 
rapidly toward digitization, adding that a single, common blockchain could 
reduce corruption and improve transparency across the global markets. Related 
Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook 
Remains Contested While Fink did not name a specific network, the most 
plausible candidate could be ETH, based on BlackRock’s own initiatives and 
public statements that emphasized the role of ETH in asset tokenization. The 
firm has consistently highlighted ETH as a core platform for its on-chain 
strategy. Meanwhile, BlackRock launched its BUIDL tokenized money market fund 
directly on ETH, a product that has already grown to over $2 billion in total 
value locked. &#8220;There&#8217;s no second best,&#8221; Ethereum Daily noted. In the staking 
space, Bitmine has turned Ethereum staking into a multi-billion-dollar 
business. An analyst known as Milk Road has revealed that the company now has 
1.83 million ETH staked, worth roughly $6 million at current prices, and plans 
to scale that figure toward 4.2 million ETH over time. Over the past months, 
Bitmine Immersion Technologies Inc. (BMNR) has accounted for nearly 50% of all 
new ETH entering the staking queue. Staking at this scale is important because 
it removes ETH from the liquid supply and locks it into long-term 
infrastructure rather than keeping it for short-term trading. When one player 
is willing to commit billions of dollars worth of ETH to staking, it reflects 
confidence in ETH&#8217;s future economic prospects. A lower liquid supply, combined 
with sustained network demand, will create structural pressure over time. How 
Support Built Through Multiple Market Cycles Analyst Milk Road has also 
highlighted that Ethereum is holding near a critical support zone around 
$3,000, hovering just above the lower boundary of its long-term rising 
structure, an area that has acted as a stress test for ETH throughout the 
cycle. Historically, when ETH drifts into this area, the market will need to 
decide whether the weakness is temporary or structural. Related Reading: 
Ethereum Maintains Structural Strength Despite Resistance Near $3,400 The 
$2,750 level remains the key line because it has repeatedly stopped downside 
pressure after macro-driven or narrative-driven pullbacks, making it a 
reliable floor for the broader trend. As long as ETH holds above that level, 
the broader multi-year uptrend will remain intact. Featured image from iStock, 
chart from Tradingview.com

Ethereum Emerges As Likely Candidate In BlackRock Tokenization Vision – Here’s Why

Bloomberg commodity strategist Mike McGlone explains his bearish turn on 
Bitcoin outlook and broader market expectations for 2026.

‘Bitcoin trade is over,’ Bloomberg strategist says in 2026 macro outlook

Bitcoin’s $1.81 billion options expiry triggered sharp volatility, with prices 
swinging between $88,700 and $89,500 before rebounding above $90,000. The drop 
was fueled by four straight days of ETF outflows totaling $32 million and 
broader market fear linked to turbulence in the Japanese bond market. ETF 
Outflows and Global Macro Pressures The expiry of $1.81 […]

Bitcoin Reclaims $90,000 as ‘Hedging Shackles’ Fall After $1.8B Options Expiry

Paradex said a planned database upgrade briefly corrupted funding data, 
prompting a chain rollback and refunds after unintended liquidations across 
multiple markets.

Cryptocurrency price in KWD